Learning Objectives
WALT (What we Are Learning Today):
Analyse the role of using breakeven within business.
Understand the terms – fixed and variable costs
Understand the impact of cost changes the breakeven situation.
WILF (What I am Looking For):
Be able to classify differing costs according to the above titles
Be able to analyse a breakeven chart and name the key features within it.
Apply the breakeven formulae to calculate breakeven points.
To be able to construct a breakeven chart using data.